NDP Minority Govt in Alberta

sweld

Active VIP Member
Joined
Dec 20, 2009
Messages
1,373
Reaction score
1,633
Location
Redwater
Ok so if u pay 10% on 1000 it's $100. If u pay 12% it's $120. That isn't 20%. So now what.
Percentage is based of 100


Sent from my iPhone using Tapatalk
 
Last edited:

Stompin Tom

Active VIP Member
Joined
Jun 7, 2009
Messages
3,787
Reaction score
8,138
Location
BC
Ok so if u pay 10% on 1000 it's $100. If u pay 12% it's $120. That isn't 20%. So now what.


Sent from my iPhone using Tapatalk
Really?

you payed 100 dollars last year, this year you pay 120 dollars, that is 20 more dollars, which equals 20 percent more.
 

arff

Active VIP Member
Joined
Apr 21, 2009
Messages
142,058
Reaction score
56,149
Location
Leduc
Maybe everyone should be enjoying quad riding or yard work. Or camping.

A lot of posts on the same thing.

Just saying.
 

Stompin Tom

Active VIP Member
Joined
Jun 7, 2009
Messages
3,787
Reaction score
8,138
Location
BC
If you have 100 sleds and you give your buddy 10 sleds you gave him 10% of your sleds. Next year you give him 12 sleds. You gave him 12% of your sleds. That's 2%
last year you gave him 10 sleds, this year you gave him 12 sleds. That is 20% more sleds.
 

lilduke

Active VIP Member
Joined
Sep 15, 2009
Messages
19,390
Reaction score
68,876
Location
Local
Triple-facepalm-picard-812.jpg
 

Stompin Tom

Active VIP Member
Joined
Jun 7, 2009
Messages
3,787
Reaction score
8,138
Location
BC
lets say you make 10 dollars an hour. Your boss gives you a 20% raise, how much money will you now earn?
 

Stompin Tom

Active VIP Member
Joined
Jun 7, 2009
Messages
3,787
Reaction score
8,138
Location
BC
Thats easy..... 2 dollar raise so 12 dollars do i have to show my work? Lol
so as your employer I used to pay you 10 dollars, I now pay you 12 dollars, how much of a percentage increase have I paid?
 

niner

Active VIP Member
Joined
Mar 14, 2009
Messages
8,607
Reaction score
61,916
Location
lacombe
so as your employer I used to pay you 10 dollars, I now pay you 12 dollars, how much of a percentage increase have I paid?
Ok so from $10 to $12 is a 20% increase. But if your making $10 a hour and you get a 2% raise you are now making $10.20 per hour.
 

Stompin Tom

Active VIP Member
Joined
Jun 7, 2009
Messages
3,787
Reaction score
8,138
Location
BC
Ok so from $10 to $12 is a 20% increase. But if your making $10 a hour and you get a 2% raise you are now making $10.20 per hour.
exactly. If I only had to pay a 2% more tax's I would pay $10.20. But if I have to pay $12 then I am paying 20% more.
 

sweld

Active VIP Member
Joined
Dec 20, 2009
Messages
1,373
Reaction score
1,633
Location
Redwater
Yes 2% of $10 is 20%. Now we're talking taxation here. They are not increasing taxes 2% on every 10$ u make they are taxing let's say your gross income. Say 100000. So that works out to 120000. Which is 12%. 2000 more then 10%. If they were taxing 20% well u figure it out


Sent from my iPhone using Tapatalk
 

Stompin Tom

Active VIP Member
Joined
Jun 7, 2009
Messages
3,787
Reaction score
8,138
Location
BC
There are 3 completely different things going on in this equation that people get confused with.

1st, $100 dollars is the amount of profit the company has made. That is a stable number. Nothing changes in the math equation.

2nd is the amount of tax that must be paid, previously it was 10%, now 12% which is an increase of 2 percentage points, or as your accountant like to say an increase of 2 points.

3rd is the actual amount of money which has to be paid. Previously $10 was paid. Now $12 must be paid. That is a 20% increase in how much you have to pay.
 

bobsledder

Active VIP Member
Joined
Jan 11, 2009
Messages
2,830
Reaction score
6,126
Location
Not Sure
There are 3 completely different things going on in this equation that people get confused with.

1st, $100 dollars is the amount of profit the company has made. That is a stable number. Nothing changes in the math equation.

2nd is the amount of tax that must be paid, previously it was 10%, now 12% which is an increase of 2 percentage points, or as your accountant like to say an increase of 2 points.

3rd is the actual amount of money which has to be paid. Previously $10 was paid. Now $12 must be paid. That is a 20% increase in how much you have to pay.
See....math is difficult for some.
 

sweld

Active VIP Member
Joined
Dec 20, 2009
Messages
1,373
Reaction score
1,633
Location
Redwater
There are 3 completely different things going on in this equation that people get confused with.

1st, $100 dollars is the amount of profit the company has made. That is a stable number. Nothing changes in the math equation.

2nd is the amount of tax that must be paid, previously it was 10%, now 12% which is an increase of 2 percentage points, or as your accountant like to say an increase of 2 points.

3rd is the actual amount of money which has to be paid. Previously $10 was paid. Now $12 must be paid. That is a 20% increase in how much you have to pay.

You just said baseline is $100 in your first point. Now your throwing $10 in again. If you make $10 a year then yes you are correct.


Sent from my iPhone using Tapatalk
 
Top Bottom